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German Lower House approves tax on greenhouse emissions for fuels, heating, gas

The move, which entails alterations to a law on fuel emissions trading, envisages a tax of 25 euros ($29.41) per tonne of carbon dioxide equivalent in 2021, rising to 55 euros per tonne in 2025.

Gasoline prices will rise by 7 cents per litre and by 8 cents per litre for diesel from next year.

($1 = 0.8501 euros)

(This story corrects to read lower (not upper) house in headline and paragraph 1)


Source: Economy - investing.com

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